Latin America-based Alsis Funds has closed its Mexico Opportunities Fund with an initial investment from the California Public Employees’ Retirement System (CalPERS), FINalternatives reports. Alsis received the first capital commitment from Global Opportunities Fund 2, a separate account managed by 57 Stars for CalPERS. The private equity vehicle will target home construction developments and other assets through privately negotiated deals, using debt, equity or mezzanine financing. The fund will invest as a parallel vehicle to another Alsis Funds investment entity, Fondo Alsis Mexico Vivienda de Interés Social.

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